Japan Tourism, Retail Stocks Plunge After China Travel Warning [Barron's]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: Barrons
In morning trade shares in cosmetics form Shiseido dived nine percent, department store group Takashimaya by more than five percent and Fast Retailing -- the owner of Uniqlo -- by more than four percent. Advertisement - Scroll to Continue China is the biggest source of tourists to Japan. Before taking power last month, Takaichi, an acolyte of ex-premier Shinzo Abe, was a vocal critic of China and its military build-up in the Asia-Pacific. Her comments on November 7 were widely interpreted as implying that an attack on Taiwan, which is just some 100 kilometres (60 miles) from the nearest Japanese island, could warrant Tokyo's military support. If a Taiwan emergency entails "battleships and the use of force, then that could constitute a situation threatening the survival (of Japan), any way you slice it," Takaichi told parliament. Advertisement - Scroll to Continue Japan's self-imposed rules say that it can only act militarily under certain conditions, including an existe
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